RPC (RES) Announces Quarterly Earnings, Misses Estimates By $0.05 EPS
RPC (NYSE:RES) announced its earnings results on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.05, Analyst RN reports. The company had revenue of $486.88 million for the quarter, compared to the consensus estimate of $480.45 million.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of RPC from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $19.60 price target on the stock. On a related note, analysts at FBR Capital Markets initiated coverage on shares of RPC in a research note to investors on Friday, December 6th. They set a “market perform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of RPC from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $208.32.
RPC (NYSE:RES) opened at 18.84 on Wednesday. RPC has a 52 week low of $12.41 and a 52 week high of $19.38. The stock’s 50-day moving average is $18.08 and its 200-day moving average is $16.48. The company has a market cap of $4.127 billion and a P/E ratio of 21.50.
RPC, Inc (NYSE:RES) is a holding company.
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